Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
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Apartment, Development

26-Storey Rental Tower Planned for Grandview Woodlands Site

Vertex Developments in partnership with Fastmark Development has submitted a rezoning application for a site at East 10th and Victoria Drive in East Vancouver.

The proposal is to allow for the development of a 26-storey rental tower, and includes:

  • 250 units (10% of the floor area at below-market rates);
  • a total density of 10.8 FSR;
  • A building height of 266 ft.

This application is being considered under the Transit-Oriented Areas Rezoning Policy and the Grandview-Woodland Community Plan. The application notes that it exceeds the existing policies.

The architect for the project is dys Architecture.

The full application can be viewed here: https://www.shapeyourcity.ca/2611-victoria-dr

November 28, 2025by david.taylor@colliers.com
Development, Hotel, Rental

Hotel & Rental Tower Slated for Yaletown Corner Site

Nonni Property Group has submitted their rezoning application for the 15,714 SF site that they own at 888-896 Cambie Street, at the Northeast corner of Cambie and Smithe on the edge of Yaletown and Downtown.

The proposal is to allow for the development of a 29-storey hotel and rental building, that includes:

  • 165 rental units (on the 14th to 29th floors);
  • 246 hotel rooms (on the 1st to 13th floors);
  • Façade retention of heritage building at 888 Cambie St;
  • a total density of 19.77 FSR;
  • A building height of 285 ft.

This application is being considered under the Downtown Official Development Plan and Rezoning Policy for the Central Business District (CBD) and CBD Shoulder.

The architect for the project is McKinley Studios.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/888-896-cambie-st

November 28, 2025by david.taylor@colliers.com
Development, Rental

Proposal for 32-Storey Rental Tower in West End Includes 20% Below Market Units

The Boxer Group of Companies has applied to the City of Vancouver to rezone a site at 1031-1039 Burnaby Street in the West End for a market and below market rental tower.

The proposal is to allow for the development of a 32-storey rental residential building with a six-storey podium and includes:

  • 329 units;
  • 60-below market rental units for the VRS Communities Society;
  • a total density of 12.23 FSR;
  • A building height of 296 ft. with additional height for rooftop amenity space.

This application is being considered under the West End Community Plan.

The architect for the project is Urban Solutions Architecture.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/1031-1039-burnaby

November 28, 2025by david.taylor@colliers.com
For Sale, Retail

West Broadway Streetfront Retail Sells for $1,300/SF

70 ft. of streetfront retail on West Broadway has sold in a $5 Million deal. 2865 and 2871 West Broadway are two side-by-side, mid-block streetfront retail properties on the North side of Broadway, West of Macdonald Street.

The two buildings have a combined building area of 3,836 SF and a site area of 8,024 SF.

The properties had been listed for sale separately with a combined price of $5,506,000.

November 7, 2025by david.taylor@colliers.com
For Sale, Office, Retail

Arbutus Street Office Building Sells for $5.4M

A 2-storey office building at 3066 Arbutus Street has sold to an owner-user. The 1978-era building is located on a 6,930 SF lot at the Northeast corner of Arbutus & West 15th Avenue on the Westside of Vancouver.

Details:

  • Building Size: 6,311 SF
  • Sale Price: $5,412,750
  • Price/SF: $858

The 2nd floor of the building was vacant, with the ground floor leased to Luxmore Realty until 2027.

The property had been listed for sale for $6,800,000 by Jones Lang Lasalle.

October 31, 2025by david.taylor@colliers.com
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David Taylor Personal Real Estate Corporation

Colliers International

DT

David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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